WS #13661
US expects Iran-Oman deal to reopen Strait of Hormuz 'soon', with US lifting blockade of Iranian ports upon implementation, countering earlier war-driven oil spike. Ukraine struck oil refineries in Syzran and Ilsky, causing fires and injuries, adding geopolitical risk premium to oil prices. Senate passed bill allowing 100% tariffs on buyers of Russian oil (India, China), posing risk to global trade and energy flows; awaits House approval.
US-Iran de-escalation and Hormuz deal
US expects Iran-Oman deal to reopen Strait of Hormuz 'soon', with US lifting blockade of Iranian ports upon implementation, countering earlier war-driven oil spike.
Ukraine struck oil refineries in Syzran and Ilsky, causing fires and injuries, adding geopolitical risk premium to oil prices.
Senate passed bill allowing 100% tariffs on buyers of Russian oil (India, China), posing risk to global trade and energy flows; awaits House approval.